Overall scenario is bearish but this is minor pull back observed due to major support touched at 15700 for first time. At this point it was Consolidating during last year this time. You can expect it to go around 16900 before we see a major reversal. Always remember one thing. Trade while pattern is forming, only use channel or support/resistance at second...
The Channel pattern seen in today's trading session has given a breakout in BRITANNIA and is likely to go up side 3715+.
Company is into manufacturing and processing of various kinds of Edible, Non-Edible oils and meals. 1. Posted strong quarterly results. 2. Trading a P/E less than the Industry P/E 3. ROE and ROCE > 30% 4. Positive cash flow from operations I am invested in this stock. Kindly do your DD before investing. Happy Investing!!
Fundamental Development: Cardano (ADA) leads by a wide margin in a Twitter poll by the crypto community on May 18, 2022, getting 82% of votes over three other altcoins.A Twitter user with 26.7k followers ran a poll requesting people to vote for the coin they believe will remain until 2030. Along with ADA, they listed Solana (SOL), Avalanche (AVAX), and Algorand...
Fundamental Descriptions: Gold was down on Friday morning in Asia but set for its first weekly gain since mid-April 2022. The dollar retreated from two-decade highs and growing concerns over U.S. economic growth saw investors turn to the safe-haven asset. Gold Price extended the previous rebound and stormed through the critical 200-Daily Moving Average (DMA), now...
Fundamental Development Oil was down on Friday morning in Asia, but little changed as concerns about weaker economic growth eclipse expectations of a demand rebound in China. Brent oil futures fell 0.72% to $111.23. WTI futures fell 0.99% to $108.80 on its last day as the front-month, with futures for July down about 0.6% to $109.20. WTI futures are now set to...
Bearish 4h swing leg mondays high raid around supply level current demand building liquidity building up to run, npoc at 28600
Amid possible crisis upheld dollar is supposed to weaken further, from a fundamental point of view. my research shows the selling pattern that formed from April considering the double top formation that triggered the huge selling orders continuing to the next 2 months, as in these 2 months the news releases indicate the further sale and the same pattern has been...
Just some observations and levels for time technoplast, Q1 2021-2022 wasn't so good and management commentary was also neutral. I'm still holding it as composite cylinders will replace the traditional metal cylinders. I'm still a beginner, if you have any views do comment and share your insight.
HDFC LIFE is a blue chip company and market leader in LIFE Insurance sector, specifically Term Life insurance. As retail investors increase in Indian equity, they realize it is better to keep life insurance and investments different hence they would choose Term life over Endowment and ULIP plans. This company would be a huge beneficiary of this consumer behavior...
Fundamental Descriptions: Gold was down on Thursday morning in Asia, with a steady dollar and elevated Treasury yields weighing on the greenback-priced bullion, whose outlook has already been dampened by the U.S. Federal Reserve’s aggressive stance on inflation. Global growth fears resurfaced and triggered a flight to safety theme across the board, reviving the...
Fundamental Development After hitting seven-week highs, oil prices slumped 2% on Tuesday as Reuters reported that the United States could ease some restrictions on Venezuela's government, raising hopes that the market could see some additional supplies. Prices also fell after Federal Reserve Chairman Jerome Powell warned the economy could hurt by attempts to...
Fundamental Development: Mike Novogratz, the billionaire founder of crypto asset management firm Galaxy Digital, has told his followers that his LUNA-inspired tattoo will serve as a reminder to remain humble in the world of venture capital investing. Following the fallout of the recent LUNA / UST meltdown, Novogratz penned an open letter on Wednesday, telling his...
good stock to hold for year stock has good potential to perform buy and hold for more then a year
Relaxo Footwear has been constantly falling for some time with today's Low of around 1005, The counter is seeking support at around 1010 - 1011 Levels. The Q4 results have not been so good for the counter. Both Sales and and Net profit have fallen both on QoQ AND YOY Basis. The stock may fall further to take support at 0.5% Fib. Levels i.e around 974 to 975...
According to fundamentals & technically, Sail gives us a good opportunity to make our portfolio green with a target of 15-20 or may be more after a upper line breakout if market sentiment are positive.
Nitin Spinners Ltd, promoted by the Nolkha family of Bhilwara, is one of the leading manufacturers of cotton yarn, knitted fabrics, greige and finished woven fabrics and a Government of India-recognized export house. Established in 1992, NSL started operations with open end spinning with 384 rotors. Currently, the company has an integrated textile complex with...
If bear market continues we might see 80% crash and the next bull run we might see at lest 10x from the bottom of 12-14k price of bitcoin